Orange County NC Website
Browse       Search
3 <br /> created and owned by a homeowners association, but a conservation easement is <br /> held by Orange County or a non-profit land conservancy.Associated with such an <br /> approach is the potential for the land owners or developers qualifying for tax <br /> credits if the land is voluntarily protected through a conservation easement. <br /> Information regarding such an approach was recently presented to the <br /> Agricultural Districts Advisory Board. <br /> Options to Address Parkland Dedication/Payment-In-Lieu Provisions <br /> Section IV-B-7-b of the Subdivision Regulations requires at least 1/35th of an acre to be <br /> dedicated for each dwelling unit planned or provided for in the subdivision plan. An <br /> exception to this standard is where land characterized by floodplains and/or steep slopes <br /> is dedicated, the requirement is 1/20th of an acre. <br /> Upon fording that no recreation/open space sites have been designated on the <br /> Comprehensive Plan for the property in question, the Board of Commissioners may <br /> approve a payment-in-lieu of dedication. Such a payment must equal the number of acres <br /> required to be dedicated multiplied by the fair market value of the land to be dedicated. <br /> Fair market value is determined by dividing the tax appraisal of the property at last <br /> revaluation by the current year assessment ratio. <br /> Since the adoption of the dedication/payment-in-lieu provisions in 1987, Orange County <br /> has collected$5,040 in payments from subdivisions in the Eno Community Park Service <br /> Area (see attached Recreation Service Area Boundaries Map). The amount of land <br /> dedicated or payments-in-lieu which could be expected from the four subdivisions is shown <br /> below. <br /> Dedication <br /> Requirement Payment-in-Lieu <br /> Number (Acres) Requirement* <br /> Concept Plan of Lots <br /> @ 1/35th @ 1/20th @ 1/35th @ 1/20th <br /> Guernsdale <br /> • Phase I 10 0.286 0.500 $706 $1,235 <br /> • Phase II 72 2.057 3.600 $5,081 $8,892 <br /> Stoney Creek Farms <br /> • Phase I 60 1.714 3.000 $4,234 $7,410 <br /> • Phase H 35 1.000 1.750 $2,470 $4,323 <br /> • Phase III 79 2.257 3.950 $5,575 $9,757 <br /> Craig Manor 79 2.257 3.950 $5,575 $9,757 <br /> University Trace 158 4.514 7.900 $11,150 $19,513 <br /> Total -All Plans 493 14.085 24.650 $34,791 $60,887 <br /> * Based on average assessed value of$2,470 per acre. <br /> To put the payments-in-lieu in context, land purchased for the New Hope Elementary <br /> School cost$15,000 per acre.Nevertheless,options to address dedication/payment-in-lieu <br /> requirements include the following. <br />